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Gessel Advises Systexan on Exit From X-Trade Brokers DM

Gessel Advises Systexan on Exit From X-Trade Brokers DM

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Gessel has advised Systexan SARL, a fund managed by Enterprise Investors, on its exit from X-Trade Brokers Dom Maklerski S.A., including its conducting a public offer in the form of accelerated book-building worth PLN 111.2 million. Global coordinators were PKO BP and Ipopema Securities.

Enterprise Investors is a private equity company in Central and Eastern Europe that has been operating since 1990 and created nine funds with a total capital exceeding EUR 2.5 billion. These funds have invested almost EUR 2 billion in 143 companies from various sectors.

Warsaw-based X-Trade Brokers Dom Maklerski S.A. is the longest acting forex broker on the Polish market. Since its creation in 2002, it has been present in 17 countries and was listed on the WSE in 2016. The broker is regulated by KNF, FCA, BaFin and CMB.

Gessel's team included Partner Krzysztof Marczuk and Managing Associate Magdalena Szeplik.

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